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Persistent link: https://www.econbiz.de/10003353759
Models recently studied by Farmer (2012, 2013, 2015) predict that, due to labor-market frictions and "animal spirits", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger-causality tests on more than half a century of data of German...
Persistent link: https://www.econbiz.de/10011415821
We use a machine-learning approach known as Boosted Regression Trees (BRT) to reexamine the usefulness of selected leading indicators for predicting recessions. We estimate the BRT approach on German data and study the relative importance of the indicators and their marginal effects on the...
Persistent link: https://www.econbiz.de/10011381289
Persistent link: https://www.econbiz.de/10001489342
The paper reports results of a survey among active forecasters of the German business cycle. Relying on 82 respondents from 37 different institutions, we investigate what models and theories forecasters subscribe to and find that they are pronounced conservative in the sense, that they...
Persistent link: https://www.econbiz.de/10011685558
Based on a panel of annual data for 17 growth and inflation forecasts from 14 institutions for Germany, we analyse …
Persistent link: https://www.econbiz.de/10011852757
We analyze a corpus of 564 business cycle forecast reports for the German economy. The dataset covers nine institutions and 27 years. From the entire reports we select the parts that refer exclusively to the forecast of the German economy. Sentiment and frequency analysis confirm that the mode...
Persistent link: https://www.econbiz.de/10011852760
. To investigate a control group, we present results for unit labour cost dynamics in (West) Germany's Länder and the …
Persistent link: https://www.econbiz.de/10010377812
Rahmenbedingungen in Deutschland einem fundamentalen Wandel: Die Wirtschafts-und Währungsunion mit der DDR und die Einführung einer … Integration in Deutschland allenfalls stockend voran. Diese Arbeit versucht eine Erklärung dieser gegenläufigen Entwicklungen. Im … Kern geht es dabei um die Frage, ob Europa bzw. Deutschland ein optimaler Währungsraum ist. Daraus ergibt sich die weiter …
Persistent link: https://www.econbiz.de/10010377463
Konjunkturprognostiker und deren prognostische Fähigkeiten standen schon oft im Kreuzfeuer der öffentlichen Kritik. Seit einiger Zeit mehren sich die Fragen über die Tauglichkeit von Konjunkturprognosen. Da war vom "Blindflug der Forscher" zu lesen (vgl. Der Spiegel 2005), Feuilletonisten...
Persistent link: https://www.econbiz.de/10010377756